Houlihan Lokey Advises Steadfast

Houlihan Lokey is pleased to announce that Steadfast Networks, LLC (Steadfast) has been acquired by ColoHouse. The transaction closed on December 20, 2021.

Steadfast, a cloud, bare metal, and data center provider in the Midwest, has been acquired by ColoHouse, a leading IT platform provider offering colocation, cloud, and IT services. The acquisition includes three colocation data center locations, along with proven enterprise-class cloud, and hosting solutions. For the past 20 years, Steadfast has offered customized services at all stages of IT architecture, design, management, and infrastructure expansion planning.

Steadfast will bring solid and complete cloud solution offerings to the ColoHouse portfolio, further enriching an already strong cloud portfolio. With the acquisition, ColoHouse adds two data center locations in the most connected buildings in the Midwest: 725 S. Wells and 350 E. Cermak in Chicago. Additionally, ColoHouse has acquired Steadfast’s location in the Iron Mountain building in Edison, New Jersey.

Over the past year, ColoHouse has increased its retail space from two flagship data center locations to nine data center locations offering colocation footprints from half cabinets to multi-megawatt data center halls. The acquisition of Steadfast further solidifies the fifteenfortyseven Critical Systems Realty and ColoHouse partnership and presence in Chicago and the Midwest. ColoHouse will spend 2022 integrating the companies it acquired in 2021: Lume Cloud, Data102, Quonix, Turnkey Internet, and Steadfast.

Houlihan Lokey served as the exclusive financial advisor to Steadfast and assisted in structuring and negotiating the transaction. Houlihan Lokey also advised Data102 on its sale to ColoHouse in October 2021. This deal further demonstrates Houlihan Lokey’s leading position in advising data center companies.